KLA Corporation (KLAC) said its board has authorized a new $7 billion share repurchase program and approved a 21% increase in its quarterly dividend.
The company raised its quarterly dividend to $2.30 per share from $1.90, marking its 17th consecutive annual increase.
The new buyback authorization is in addition to the existing repurchase program, which had $3.94 billion remaining as of December 31, 2025.
The company also reaffirmed its guidance for the March 2026 quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.